Lloyd’s of London is going into orbit with its latest insurance launch, announcing that it will be releasing a space insurance policy with the aim of entering a growing industry that could help send its profits to the moon.
The policy will be available through Lloyd’s Under the Lift Space initiative, with policies worth US$25 million (£19 million) offered by 18 insurance syndicates operating out of the London insurance market. The initiative will be led by Brit and Hiscox MGA.
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